Do you know how much your unpaid credit cards balances are really costing you? You will be probably be surprised if you thought about it in terms of a monthly cost or annual cost. Those interest charges on your unpaid balances can put a real dent into your wallet.
So How Much Does Your Credit Card Debt Cost? Think about your credit card debt this way. You are paying about $100 $150 for every $1000 of debt at a 15% interest rate over the course of a year. That is quite a bit of money when you are trying to get yourself out of debt. Especially when you think about the fact that most credit cards have rates over 15% and that many people in debt are probably carrying over $1,000 month to month.
There are solutions to alleviate your debt load on your credit cards.
